KPMG global tech report 2023

Keeping pace with evolving technology trends remains vital to business growth.

Be determined, not deterred. Despite the headwinds of global economic uncertainty, Digital transformation leaders that are committed to their innovation priorities continue to realize value at pace.

In our latest survey – the KPMG global tech report 2023 – digital leaders are bullish in their belief that embracing technology across all facets of their business is bringing productivity gains.

Whether it’s a focus on building trust in their services or investigating how AI can help serve them, our latest report shows that technologic advancement is not being slowed by the uncertain economic climate.

Read the full KPMG global tech report 2023 to understand where your business sits in comparison to the others out there.

KPMG global tech report 2023

Be determined, not deterred. Despite the headwinds of global economic uncertainty, digital transformation leaders that are committed to their innovation priorities continue to realize value at pace.

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Key findings

ESG has become the priority for innovation

Advancing ESG commitments is the top innovation goal for tech functions over the next two years

Leadership rushes to embrace emerging tech

The number of businesses with leadership buy-in for emerging tech has more than tripled, from 10 percent to 38 percent

Boost seen in tech productivity

The largest group of respondents see technology investment driving profit or performance improvement uplift of more than 10 percent, up from 2.5 percent last year

Businesses lean into the AI boom

AI is seen as the most important technology for achieving short-term ambitions

#1

Lack of coordination is the top hurdle for tech function's transformation progress

67%

say that in comparison to last year they are expected to do more with a smaller budget

KPMG global tech report 2023

Technology leaders are determined to keep their organisations digital transformation on track.

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Sector insights

Consumer and retail sector is increasing growth and productivity by harnessing digital transformation.

Embracing emerging technology to create user-centric services and enhance citizen engagement

We bring deep tax experience, industry focus, and advanced technology to deliver results today and opportunities tomorrow.

Energy boldly embraces tech to navigate market pressures

How technology is being used to boost innovation, safeguard data and manage ecosystems

Transforming for a future of value

Find out where you are on your transformation journey and how you compare against industry-leading practices.

KPMG firms' suite of services to help transform their back-office functions, leveraging target operating models that are designed with the future in mind.

Our Trust Imperative brings together risk and regulatory services that build trust and confidence in the organization and its digital transformation journey. It helps ensure that businesses can navigate risk and regulation with greater predictability – and deliver on the promise to keep customer data trusted, safe and reliable.

KPMG Elevate is our methodolgy to helps businesses identify and capture value using a data-driven approach. We focus on what an organization needs to change to achieve measurable improvements to revenue, margin expansion, cost management and capital structures . It is value quantified and delivered.